Best of Artemis, week ending 25th October 2015

Here are the ten most popular news articles, week ending 25th October 2015, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates.

Top ten most viewed articles on Artemis.bm, week ending 25th October 2015:

1. MultiCat Mexico cat bond faces hurricane Patricia loss, but how much?
   The $100m tranche of MultiCat Mexico Ltd. (Series 2012-1) Class C catastrophe bond notes look almost certain to face a loss from the impact of hurricane Patricia yesterday, but the question now, due to the parametric triggers conditions, is how much.

2. Reinsurance prices could fall double-digits in January: Guy Carpenter
   At the upcoming key January reinsurance renewal period, where many of the world’s major reinsurance program terms, conditions and prices are renegotiated and renewed, prices may decline by more than -10%, according to broker Guy Carpenter.

3. Stone Ridge sets up ILS fund for ‘Post-Event’ reinsurance investments
   Stone Ridge Asset Management is launching a new insurance and reinsurance linked securities (ILS) fund, with a strategy focused on providing investors a way to capitalise on opportunities after large catastrophic events cause market dislocation.

4. Solvency II to increase reinsurance (and ILS) demand in Europe: S&P
   As the new European regulatory standards’ adoption moves ever closer, with Solvency II regulation set for January 1st 2016, S&P has said that it should result in higher reinsurance demand, which could mean more opportunity for insurance-linked securities (ILS).

5. Humboldt Re, CSAM’s (Credit Suisse’s) new reinsurance vehicle, rated
   The latest Guernsey domiciled reinsurance vehicle to be launched by ILS investment manager Credit Suisse Asset Management has now been rated. Humboldt Re Limited, launching with CHF 500 million of capital, received an A- rating from A.M. Best.

6. Industry Parametric Protection (IPP) launched by New Paradigm
   New Paradigm Group, the Florida based parametric specialist program manager that sells parametric insurance and reinsurance, backed by Allianz as well as third-party capacity providers including ILS players, has launched a new product named Industry Parametric Protection (IPP).

7. Reinsurance M&A should be about more than just scale: Baden-Baden
   Persistent pressures in the global reinsurance market signal a continuation of the merger and acquisition (M&A) trend currently sweeping through the industry, leading Stephen Catlin, of XL Catlin, to urge those involved in M&A activity to do so for more than just scale.

8. Historical EU windstorm losses could be unprecedented today: Swiss Re
   Leading reinsurer Swiss Re has brought to light the potential for unprecedented insurance industry losses from three historical European windstorms if they occurred today, underlining that the costs to the insurance and reinsurance industry would be extremely significant.

9. Chile looks to catastrophe bonds for disaster insurance
   Chile is the latest sovereign government that is reportedly looking to a catastrophe bond issuance, providing a responsive source of disaster risk insurance or financing, as part of a goal to become more responsible about disaster and weather risk management.

10. Cross-sector cooperation key to underwriting new risks: Munich Re
    As the world becomes increasingly complex and digitalised there is a need for insurance, reinsurance and ILS players to embrace cross-sector cooperation in order to create the products of the future, according to Munich Re.

This is by no means every article published on Artemis during the last week, just the most popular, some of which were published over a week ago. There were 26 new articles published in the last week. To ensure you always stay up to date with Artemis and never miss a story subscribe to our weekly email newsletter which is delivered every Wednesday.

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Artemis’ Q3 2015 Catastrophe Bond & ILS Market Report – A market making steady progress

We’ve now published our Q3 2015 catastrophe bond & ILS market report.

This report reviews the catastrophe bond and insurance-linked securities (ILS) market at the end of the third-quarter of 2015, looking at the $1.093 billion of new risk capital issued and the composition of the cat bond & ILS transactions completed during Q3 2015.

Download your copy here.